SoFi Social 50 Income ETF (SFYI) Stock Price, Quote, News & History | Benzinga

In order to achieve its investment objective, The Funds strategy involves two components as (1) directly or indirectly investing either in shares of SFYF or in shares of all of the constituent companies included in the SoFi Social 50 Index (the Index), the underlying Index that SFYF tracks (the Equity Strategy), and (2) generating income through an options portfolio (the Options Strategies), each as described below. SFYF is a separate passively managed ETF that tracks the performance, before fees and expenses, of the Index. The Index uses a rules-based methodology to track the performance of a portfolio of the 50 most widely held U.S.-listed equity securities, which may include real estate investment trusts (REITs), in self-directed brokerage accounts of SoFi Securities, LLC, an affiliate of Social Finance, Inc. (SoFi, or the Fund Sponsor). The Index caps the weight of each individual index component at 10 percent, and securities representing investments in any particular industry sector are capped at 50 percent. The Adviser also manages and serves as the investment adviser for SFYF.